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 STOCK MARKET DISCUSSION V141, KLCI breach 1800

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TSyhtan
post Oct 27 2013, 12:27 PM, updated 13y ago

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felixmask
post Oct 27 2013, 12:29 PM

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iStevei
post Oct 27 2013, 12:49 PM

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crystalpoyo
post Oct 27 2013, 01:01 PM

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Checking in !

Btw, for those who still dont understand the effects of the GST :

http://savemoney.my/gst-in-malaysia-how-th...ax-affects-you/

Saw this in the net
peteryaw
post Oct 27 2013, 02:17 PM

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new thread on weekend..so quiet here...
KVReninem
post Oct 27 2013, 02:36 PM

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okay lets start..

since alot people talking about GST. Do the transaction in Bursa Malaysia subjected to GST?

This post has been edited by KVReninem: Oct 27 2013, 02:36 PM
hbgoh57
post Oct 27 2013, 02:41 PM

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QUOTE(KVReninem @ Oct 27 2013, 02:36 PM)
okay lets start..

since alot people talking about GST. Do the transaction in Bursa Malaysia subjected to GST?
*
Check in..actually now got stamp duty already..so will they add on gst?
wenqing
post Oct 27 2013, 02:44 PM

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peteryaw
post Oct 27 2013, 02:53 PM

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QUOTE(hbgoh57 @ Oct 27 2013, 02:41 PM)
Check in..actually now got stamp duty already..so will they add on gst?
*
i am seeing singapore as the nearest example, it seem like gst applies on the bank charges only and not on capital. might be different here though.
hexen7
post Oct 27 2013, 03:56 PM

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so is everyone dumping their Prop stocks on monday?
KVReninem
post Oct 27 2013, 04:13 PM

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QUOTE(peteryaw @ Oct 27 2013, 05:53 PM)
i am seeing singapore as the nearest example, it seem like gst applies on the bank charges only and not on capital. might be different here though.
*
layman term pls sweat.gif
MrLoo
post Oct 27 2013, 04:22 PM

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peteryaw
post Oct 27 2013, 04:30 PM

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QUOTE(KVReninem @ Oct 27 2013, 04:13 PM)
layman term pls sweat.gif
*
when u buy and sell, bank charge a fee on the amount u buy or sell right?
that fee are subjected to GST.
cherroy
post Oct 27 2013, 04:40 PM

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QUOTE(KVReninem @ Oct 27 2013, 04:13 PM)
layman term pls sweat.gif
*
If brokerage charges is under GST, means the commission part is subjected to 6%.

Aka if buy a stock Rm10,000, broker commission is 0.42% aka Rm42 x 6% = RM 2.52

Everyday if the market transaction value is RM 1 billion, at 0.42%, GST amount become Rm4.2 million x 6% = 252k.

Bonescythe
post Oct 27 2013, 05:03 PM

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If brokerage got gst... then very gao gao lo government
kueyteowlou
post Oct 27 2013, 05:04 PM

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brokerage with gst , maybe will void Stamp Duty?
peteryaw
post Oct 27 2013, 05:05 PM

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QUOTE(cherroy @ Oct 27 2013, 04:40 PM)
If brokerage charges is under GST, means the commission part is subjected to 6%.

Aka if buy a stock Rm10,000, broker commission is 0.42% aka Rm42 x 6% = RM 2.52

Everyday if the market transaction value is RM 1 billion, at 0.42%, GST amount become Rm4.2 million x 6% = 252k.
*
good one...
cherroy
post Oct 27 2013, 05:11 PM

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QUOTE(kueyteowlou @ Oct 27 2013, 05:04 PM)
brokerage with gst , maybe will void Stamp Duty?
*
Since there is stamp duty, may mean either one will be imposed.
If not, it is like double taxation already.

Just like property got stamp duty, so no GST.
So we need to wait for the clarification on details of GST.
peteryaw
post Oct 27 2013, 05:14 PM

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QUOTE(cherroy @ Oct 27 2013, 05:11 PM)
Since there is stamp duty, may mean either one will be imposed.
If not, it is like double taxation already.

Just like property got stamp duty, so no GST.
So we need to wait for the clarification on details of GST.
*
stamp duty is rm 1 per thousand transacted right? only 0.1%.
so gov should be in favour of GST.... icon_question.gif
BboyDora
post Oct 27 2013, 05:18 PM

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